IMS Health reports increased revenue

Published 1:17 pm, Wednesday, July 27, 2016

This is an undated company handout of the IMS Health logo. VNU NV, the Dutch owner of market researcher ACNielsen, agreed to buy IMS Health Inc. for $6.3 billion to become the world's biggest provider of health care market data. Source: IMS Health / via Bloomberg News. less

This is an undated company handout of the IMS Health logo. VNU NV, the Dutch owner of market researcher ACNielsen, agreed to buy IMS Health Inc. for $6.3 billion to become the world's biggest provider of health ... more

Photo: ST

IMS Health reports increased revenue

1 / 1

Back to Gallery

DANBURY -- IMS Health Holdings, a Danbury-based health care information company, reported increased revenue as the company announced on Wednesday results for the quarter ended June 30.

Revenue for the second quarter was $802 million, up 8.1 percent compared with the second quarter of 2015. Much of the increase came from technology services, which was up 14.3 percent, while the information services increased 2.5 percent.

“We delivered another quarter of consistent revenue and earnings performance,” Ari Bousbib, chairman and CEO of IMS Health, said in a release. “We are looking forward to the pending merger with Quintiles and the benefits that will accrue to our customers, shareowners and employees.”

Higher restructuring charges this year resulted in a drop of second-quarter net income, from $47 million last year to $24 this year.

For the first half of 2016, revenue has increased 14.7 percent compared to last year.

IMS is increasing its revenue growth guidance by 1 percent, to 10 to 12 percent.

IMS provides information and technology services to the healthcare and life sciences industries.